Presented By: Zubair ara! "SP14-MB-002#$ Presented to: Mr%&'mer (mar Assignment of: ARTIFICIAL INTELLIGANCE (AI) SYSTEM IN BUSINESS APPLICATION: &rtificia) inte))igence "&I$ can be im*)emented in business to im*ro+e ,or- *rocesses and add to t'e functiona)ity of business systems% &I in t'e business conte.t can refer eit'er to s*ecific soft,are *rograms or to t'e ,ays in ,'ic' t'ose *rograms are actua))y used to 'e)* com*anies and organi!ations carry out a +ariety of o*erations and transactions% /'en business &I refers to actua) soft,are *rograms0 genera))y t'e s*ecific function of an indi+idua) *rogram is t'e focus% or e.am*)e0 if a business uses trans)ation soft,are *rograms to 'e)* 'and)e brief trans)ations1 t'is is an a**)ication of artificia) inte))igence "&I$ in business% By e.ecuting a tas- t'at re2uires a significant degree of e+a)uation or 'ig'er-order ana)ysis0 t'e trans)ation soft,are is acting as an artificia) inte))igence% ¬'er acce*tab)e definition of artificia) inte))igence in business is t'e simu)ation of s-i))s t'at are considered innate in *eo*)e% 3'ose s-i))s inc)ude t'e use of reason and )ogic to ma-e sim*)e and com*)icated decisions% 3'ey a)so inc)ude t'e ca*abi)ity to recogni!e s*eec'0 s*ea- and understand natura) )anguage0 res*ond to +erba) and ,ritten messages and recogni!e *atterns% &rtificia) inte))igence can e+en be said to be at ,or- ,'en an a**)ication 4remembers4 information and reuses it in ot'er transactions% Some or a)) of t'ese s-i))s and ca*abi)ities are *rogrammed into many a**)ications of artificia) inte))igence in business1 t'ey automate or 4com*uteri!e4 tas-s t'at ,ere once 'and)ed e.c)usi+e)y by *eo*)e% 3'ere are many rea)-,or)d a**)ications for artificia) inte))igence in business% 5)ectronic commerce0 better -no,n as e-commerce0 is t'e use of soft,are and mac'ines t'at 'a+e been made to be'a+e )i-e inte))igent sa)es c)er-s in a store and e+en )i-e a cas'ier% /'en a *erson *urc'ases merc'andise or ser+ices on-)ine0 'e or s'e ne+er 'as to interact ,it' anot'er *erson% 6ia t'is tec'no)ogy0 'e or s'e can enter a +irtua) store0 s'o* and e+en *ay for *roducts% &rtificia))y inte))igent soft,are tota)s a bi))0 and -no,s ,'en to add ta.0 'o, to *rocess *ayment and e+en ,'et'er a credit card number is +a)id% 7ustomers in cybers*ace routine)y recei+e recei*ts after *ayment is made0 and +irtua) store o,ners can -ee* trac- of in+entory ,it'out e+er manua))y counting stoc-% Many businesses use 'ig')y so*'isticated soft,are to act as +irtua) customer ser+ice re*resentati+es and front-des- rece*tionists% S*eec' recognition soft,are is one as*ect t'at a))o,s customers to recei+e some form of customer ser+ice by *'one ,it'out e+er ta)-ing to a *erson% 1 | P a g e 7ustomers can benefit great)y from a**)ications of artificia) inte))igence in business% or instance0 many *eo*)e are ab)e to c'ec- t'e acti+ity of t'eir ban- and credit card accounts by *'one ,it'out e+er ta)-ing to anyone or e+en 'a+ing to *'ysica))y *ress a button on a *'one% 3'ey sim*)y s*ea- to t'e artificia))y inte))igent com*uter on t'e ot'er end t'at 4understands4 t'eir ,ords% 3'is can bac-fire0 t'oug'1 some customers fee) t'at t'ere is no substitute for t'e assistance of a rea) *erson0 and business a**)ications of &I can be frustrating to t'em% 2 | P a g e